: This is non-negotiable. Even if the bank refuses to pay for repairs, the inspection tells you if the property is a "money pit".
: Large institutions like Wells Fargo , Bank of America , and HUD have dedicated portals for their owned inventory. how to buy a reo home
Buying a home—a property that has failed to sell at auction and is now owned by the bank—is a structured process that combines elements of a traditional sale with unique corporate requirements. 1. Locate REO Listings : This is non-negotiable